Vishay Intertechnology (VSH) FY2023 results: revenue $3.4 billion, down 2.7% on the year
Vishay Intertechnology Inc. (VSH) reported revenue of $3.4 billion for fiscal 2023, the year ended 31 December 2023, down 2.7% on the year before. Net income was $324 million, down 24.5%, and diluted earnings per share $2.31. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2024.
Revenue
$3.4 billion
-2.7% on the year
FY2016FY2023
Operating margin
14.3%
17.6% a year earlier
FY2016FY2023
Net income
$324 million
-24.5% on the year
FY2016FY2023
Diluted EPS
$2.31
-22.5% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
366
484
457
-24.5%
Capital expenditure
329
325
218
+1.3%
Free cash flow
36.3
159
239
-77.2%
Free cash flow margin
1.1%
4.5%
7.4%
Cash from investing
-72.9
-529
-230
Cash from financing
61.1
-101
-58.8
Depreciation and amortisation
184
164
167
+12.4%
Share-based compensation
16.5
6.5
6.6
+152.6%
Buybacks
78.7
83.0
0.0
-5.2%
Dividend per share
$0.40
$0.40
$0.39
0.0%
Diluted shares, weighted
140m
144m
145m
-2.5%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
2,196
2,046
1,744
+7.3%
Non-controlling interest
4.7
3.9
3.0
+21.2%
Redeemable equity
n/a
n/a
0.0
Debt
818
501
456
+63.3%
Operating lease liabilities
103
108
100.0
-5.2%
Other liabilities
1,118
1,206
1,241
-7.3%
Total liabilities and equity
4,240
3,866
3,543
+9.7%
Fixed assets
1,295
1,130
979
+14.5%
Goodwill
201
201
165
-0.0%
Intangible assets
72.3
77.9
67.7
-7.1%
Cash and equivalents
973
611
774
+59.2%
Receivables
427
416
396
+2.5%
Inventory
648
619
536
+4.6%
Other assets
625
810
624
-22.9%
Total assets
4,240
3,866
3,543
+9.7%
10-K for the year ended 31 December 2023, filed 16 February 2024: the filing.